Comprehensive Financial
Solutions for Your Future
Retirement Planning
Retirement isn’t just about accumulating assets, it’s also about protecting what you worked hard for. You will face many challenges in retirement, after all we have at least another 30 years we have to plan for.
The traditional financial advice of withdrawing 4% may not work in today’s environment.
In retirement, we have to take these things into consideration:
- Market Risk
- Healthcare
- Inflation
- Tax Management
- Income
SMG will help you navigate these risks through our innovative planning process.
Your plan should be able to answer these questions:
What would I do if I need nursing home care? How would that impact my retirement nest egg?
If the market went down 25% would it affect my day to day living?
If the Stock Market went down and I needed Nursing home care, would I run out of money?
If you lose half of your spouse’s Social Security, do you have a backup plan?
Retirement Income
Creating a reliable income stream in retirement is essential to maintaining your lifestyle and peace of mind. We help you design a personalized income strategy that turns your savings into consistent, tax-efficient income.
By coordinating investments, Social Security, and other income sources, we ensure your plan is built to last—so you can enjoy retirement with confidence.
At SMG , we know that growth is important to you, but protecting your hard earned assets no matter what the stock market does can be even more important. In retirement, it’s crucial to generate a reliable source of income, to combat inflation and market volatility, now can be an excellent time to protect everything you worked hard to build.
While participating in the market when it’s going up is always exciting - it’s not so much fun participating in the market when it’s going down and we have to draw an income from it. Fixed indexed annuities protect you from market loss during declines. Annuities protect your principal and can offer growth guaranteed by claims paying ability of the issuing company.
At SMG, we have access to top rated annuity companies on the market, allowing us to offer them to our clients looking to generate a reliable stream of income for themselves in retirement.
401k & IRA Rollovers
Rolling over your 401(k) or IRA is an important step in taking control of your retirement savings. We help you transition your funds into a strategy that offers greater flexibility, improved investment options, and long-term growth potential.
A traditional individual retirement account (IRA) is a tax deferred retirement plan established for those who receive earned income from employment, as well as for those who are divorced or separated and receive taxable alimony or maintenance payments and have not reached 72.
IRA Rollovers were designed to provide these individuals with the opportunity to build their own tax-deferred retirement program. One disadvantage of both traditional IRAs as well as 401(k) and 457(b) plans is that every year beginning at age 72, millions of Americans will be forced to take Required Minimum Distributions (RMDs) from their qualified plans.
This could increase your ordinary income taxes and leave you less disposable income. RMDs can drastically decrease the amount of money that will be left for your beneficiaries after you pass. SMG has many strategies and options which may benefit you. We help navigate you through every possible option to help you pay only your fair share of taxes. We are committed to making sure our clients retain, grow, protect, and transfer all that they have worked hard for.
Stay in control of your own money.
If you change employers or reach age 59 ½ , you should
consider your financial options when it comes to money
you put away for your retirement.
You don’t have to leave your
money with your old company 401(k) or 457 (b).
There are advantages and disadvantages to both.
Let’s discuss your options and when it comes to 401(k) and 457(b). We work with clients all over the United States.
Some advantages of rolling over a 401 (k) into a IRA is that you may gain access to more investment options and have more control over the account. You may also pay lower fees and have the opportunity to consolidate the old 401(k).
You should always seek professional financial advice and ask for a comparison before you rollover any 401(k).
Some disadvantages of rolling over a 401(k) into an IRA is that there are no loan options, possible decrease in creditor protection and possible higher fees.
Tax Management
Tax management is one area of financial planning that remains essential throughout retirement. Your investment strategy shouldn’t be based solely on taxes. The opportunity to manage, defer and reduce taxes should always be considered. You can manage taxes by considering the timing of when investments are made, as well as the selection of investment.
Your goals and strategies may change over time, ensuring your assets are growing tax efficiently and minimizing your tax liability is just as important in your preservation phase of life as it is when you were accumulating for retirement.
Social Security Benefits
Are you concerned or confused about when you should take your Social Security benefits? Let SMG advisors help coach you through the decisions. Our proprietary software will take the guesswork out of it.
After all, you could be leaving money on the table.
Timing is one issue that affect Social Security benefits—in
general, the longer you wait to file, the higher the monthly
benefit you will receive. For instance, at age 62, the earliest
you can file, you lock in your monthly benefit amount at
roughly 25% less than it would have been by waiting until your full retirement age. (Full retirement age is now around age 66, depending on the month and year of your birth.) If you wait from full retirement age to age 70, your monthly benefit increases every year by 8%, plus any cost-of-living increases.
But there’s more to it than just timing, especially if you are married or are divorced but married for 10 years or longer in the past.
There are still dozens of ways you can file in order to maximize your Social Security benefits over the long-term. Furthermore, the advisors at SMG will help guide you through other considerations like health and employment status that may dictate what’s best for you.
Take the Next Step Toward Financial Confidence
Let’s create a plan that protects your wealth, maximizes your income, and supports the life you want to live.